(Answered) Question - the following is the bravo unlimited adjusted

Accounting

Question - The following is the Bravo Unlimited adjusted Trail Balance.

Bravo Unlimited Adjusted Trial Balance December 31, 2016
Account Title	Debit	Credit
Cash	$83,450
Accounts Receivable	332,700
Supplies	10,255
Prepaid Rent	8,250
Equipment	295,285
Accumulated Depreciation		$235,260
Accounts Payable		72,555
Wages Payable		10,000
Capital Stock		220,000
Retained Earnings		111,145
Service Revenue		897,105
Interest Income		1,500
Rent Expense	63,250
Wages Expense	537,260
Supplies Expense	42,520
Depreciation Expense	163,595
Dividends	6,000
Totals	$1, 547,565	$1, 547,565

What are the dollar values that will appear in Bravo Unlimited year end financial statements for the following line items: (For any Net Loss the dollar value must be enclosed in brackets and do not use a minus sign.)1. Total Current Assets

2. Total Quick Assets

3. Total Current Liabilities

4. Net Income or (Net Loss)

5. Retain Earnings

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92520787
Price:- $30

Verified Expert

Priced at $60 Now at $30, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - legacy issues 325000 of 5 four-year bonds dated

Question - Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 and their market rate is 8% at the issue date. Determ ...

Question - sunshine company purchased equipment for 100000

Question - Sunshine Company purchased equipment for $100,000 in 2012. The machinery originally had an estimated life of 8 years and a salvage value of $10,000. Sunshine used the straight-line depreciation method. In 2016 ...

Question sam and sue are married and age 65 sam has a full

Question: Sam and Sue are married and age 65. Sam has a full time job that pays $80,000 and Sue's full time job pays $85,000. They have worked since age 16 and are planning on keeping their jobs and signing up for social ...

Question purpose of assignmentthis assignment is critical

Question: Purpose of Assignment This assignment is critical for students to gain a fundamental understanding of management's and auditor's responsibility for detecting errors, material fraud, and illegal acts. This assig ...

Question - douglas bonds mature in 10 years and have an

Question - Douglas bonds mature in 10 years and have an annual coupon rate of 10.5 percent with semiannual payments. The $1,000 par value bond currently trades at $1,105 in the market. Compute the annual yield to maturit ...

Assignment - asset misappropriation and corporate

Assignment - Asset Misappropriation and Corporate Governance For this assignment, use the Internet or Strayer databases to research and identify an organization that was a victim of asset misappropriation. Write a five t ...

Question - the following information is available for the

Question - The following information is available for the 21,000 units of X Company's one product sold in 2017: Selling price $46.00 Variable costs per unit $30.00 Total fixed costs $756,000 In 2018, X Company expects sa ...

Question to make your decision you should use research and

Question: To make your decision you should use research and clearly lay out the facts and assumptions. You should then use the tools like IRR, NPV, TVM, Ratio Analysis, etc to analyze the facts. Finally, make a closing s ...

Question based on your understanding of financial statement

Question: Based on your understanding of financial statement analysis, of the three statements (Income Statement, Balance Sheet, Statement of Cash Flows) which statement do you think is the most important and why? The re ...

Question - during october a firm had the following

Question - During October a firm had the following transactions involving revenue and expense: Paid $1325 for rent October Provided services foe $3000 in cash Paid 300 for October phone service Provided service for 2150 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert